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Presented below are transactions related to R. Humphrey Company. On December 3, R. Humphrey Company sold dollar 658, 300 of merchandise to Frazier Co., terms

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Presented below are transactions related to R. Humphrey Company. On December 3, R. Humphrey Company sold dollar 658, 300 of merchandise to Frazier Co., terms 4/10, n/30, FOB destination. R. Humphrey paid dollar 400 for freight charges. The cost of the merchandise sold was dollar 380, 200. On December 8, Frazier Co. was granted an allowance of dollar 22, 700 for merchandise purchased on December 3. On December 13, R. Humphrey Company received the balance due from Frazier Co. Prepare the journal entries to record these transactions on the books of R. Humphrey Company using a perpetual inventory system. (credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the

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